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DAKOTA STAR FEDERAL CREDIT UNION

Mar, 31, 2022 — DAKOTA STAR FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 2 branch locations and about $37.02 million in total assets. Opened 70 years ago in 1952, DAKOTA STAR FEDERAL CREDIT UNION has about 2,367 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DAKOTA STAR FEDERAL CREDIT UNION
Address:
(Main Office)
3122 W SAINT LOUIS ST
RAPID CITY, SD 57702-2354
Phone:(605) 342-6442
Fax:(605) 342-3301
Website:http://www.dakotastar.org
Branches:2 branch locations
Members:2,367
Credit Union Type:Federal Credit Union
Charter Number:8039
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1952
Last Audited:Apr 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$37,021,384
CEO/Manager:KELLI WOLD
Chairperson:ROBIN CLARKE

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,727,597
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,456,862
 Unsecured Loans 821,205
 Other Loans 14,575,227
 TOTAL LOANS 19,895,401
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -77,159
 Land And Building 2,059,964
 Other Fixed Assets 172,831
 NCUSIF Deposit 243,529
 All Other Assets 0
  TOTAL ASSETS 37,021,384
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 67,207
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,388,745
 Regular shares 10,311,955
 All Other Shares & Deposits 15,411,439
  TOTAL SHARES & DEPOSITS 34,112,139
  TOTAL LIABILITIES 34,179,346
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,842,038
  TOTAL EQUITY 2,842,038
  TOTAL LIABILITIES, SHARES, & EQUITY 37,021,384
INCOME & EXPENSE  
 Loan Income 211,796
 Investment Income 20,079
 Other Income 53,711
 Total Employee Compensation & Benefits 148,939
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 135,472
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,155
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,869
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